Health Care Trends in the United States
The U.S. health care environment has changed in the years since the BCTGM collective bargaining agreements were last negotiated. Several factors influencing this change are:
- Continued rising costs for health care.
- A changing regulatory environment impacting health care.
- The reality that the health plans we currently provide are more expensive than those of our industry peers.
Let’s take a look at why each of these factors is important and will be addressed in upcoming negotiations with the BCTGM.
Health Care Costs Continue to Increase
In 2015, the average premium paid by U.S. employers for a single individual health care coverage was $6,251 –- with an average of $1,071 paid by the employee toward his or her own health care coverage. Spending on health care services is projected to grow overall at 4.9% per year until 2024, according to the Kaiser Family Foundation. Health care costs are rising, and most employees in this country pay some portion of their health care benefit.
The health care benefits we provide to our represented employees are bargained with our employees’ chosen representatives. We will be focused on continuing to ensure that our employees have competitive coverage for themselves and their families, while also supporting our employees through wellness education and programming, which we hope will inspire healthy choices and use of the right resources.
The total compensation package we offer to our employees –- today, in the future and in retirement –- is important to Mondelēz Global LLC, and we welcome the opportunity to engage around these issues with your BCTGM representatives during the upcoming negotiations.
We also commit to keeping you, our employees, informed throughout the process, via communications like this one and other news and information you’ll see on this website and in your workplace over the coming months.
|COMPARING RETIREMENT PLANS >|
|Proposed Retirement Plan Overview|
|What Happens to My Pension If…?|
|Comparing Retirement Plans – May 13, 2016 Update|
|B&C Pension Fund Performance|
Contracts between Mondelēz Global LLC and the Bakery, Confectionery, Tobacco Workers and Grain Millers (BCTGM) union that cover about 2,200 employees at five Company bakeries and three distribution sites expired on Feb. 29, 2016.
It remains the Company’s goal to negotiate in good faith to secure contracts with the BCTGM that continue to provide our employees with good wages and benefits, while at the same time allowing the Company to operate as a Best-in-Class organization in the Consumer Packaged Goods markets in which we compete.